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RE: THAT parity wallet exploit

in #ethereum7 years ago (edited)

It's hurt ethereum that is for sure, but its necessary growing pains - provided we learn from this. In the short term this should have been a period of bullish growth with the news of mastercard and cisco joining the EEA - however the bad news undid alot of that good. I would not panic though, as an investor in the short term i am very bullish about bitcoin but in the long term I feel ethereum has a better long term vision in terms of scalability and the potential of smart contracts. Realise though that ethereum as a viable product is still essentially in an alpha state of readiness. Until scalability is dramatically improved (and I have no reason to doubt it will be) smart contracts are just too slow and too expensive to be attractive to the mass audience.

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I'm definitely not panicking. I've only been following the crypto market for a short time, reading and studying everything I can find. I don't think I have an educated opinion yet on what is going to be the dominant technology or if there will be multiple ones for different industries/purposes. I'm not in a position to judge Bitcoin vs. Ethereum yet. Just still trying to learn and make some money.